Jet Airways flies high on launching two new direct flights to Qatar

17 Mar 2015

Jet Airways (India) is currently trading at Rs. 474.00, up by 2.15 points or 0.46% from its previous closing of Rs. 471.85 on the BSE.

The scrip opened at Rs. 476.90 and has touched a high and low of Rs. 483.55 and Rs. 472.40 respectively. So far 140486 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 543.50 on 02-Feb-2015 and a 52 week low of Rs. 203.50 on 26-Sep-2014.

Last one week high and low of the scrip stood at Rs. 483.55 and Rs. 405.60 respectively. The current market cap of the company is Rs. 5428.25 crore.

The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 14.48% and 34.52% respectively.

Jet Airways, India’s premier international airline, has introduced two new direct flights from Thiruvananthapuram and Kozhikode to Doha in Qatar, effective from March 15, 2015. Initially, the flights will operate three days a week until May 31, 2015. Subsequently these flights will be revised with new flight timings to operate on a daily basis. With the launch of these two new flights, Jet Airways now connects Doha with three cities in Kerala, complementing the current daily direct service from Kochi.

Currently Jet Airways operates four daily flights to Doha from India (two from Mumbai and one each from Delhi and Kochi). As part of the inaugural offer, Jet Airways has introduced attractive fares on the Thiruvananthapuram – Doha and Kozhikode - Doha routes. On the Kozhikode-Doha route, the return special economy introductory base fare will be Rs 12,170 (excluding taxes) while the return Première introductory base fare will be Rs 28,095 (excluding taxes). On the Thiruvananthapuram - Doha route, the return special Economy introductory base fare will be Rs 9,250 (excluding taxes) while the return Première introductory base fare for the same sector is Rs 29,560 (excluding taxes).

Jet Airways currently operates a fleet of 116 aircraft, which include 10 Boeing 777-300 ER aircraft, 8 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 76 next generations Boeing 737-700/800/900/900ER aircraft and 15 ATR 72-500 and 3 ATR72-600.

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